Revenue Accountant providing accounting guidance for various revenue streams at Volkswagen Group Canada. Ensuring proper revenue recognition of EV charging and infrastructure in accordance with accounting standards.
Responsibilities
Review customer contracts and billings to ensure that revenue has been recognized in accordance with IFRS accounting standards (i.e. non-standard terms, multiple elements)
Manage monthly revenue accounting including completion of billing requests and contract analysis
Prepare monthly revenue recognition entries, and ensure that deferred revenue drawdown is accurate and monthly schedules are maintained
Completion of revenue and deferred revenue reconciliations with prompt follow up and resolution of outstanding reconciling items
Update and maintain the company’s revenue recognition policy as business processes and accounting standards evolve
Develop, maintain, monitor and implement internal controls over financial reporting, and improvements to current revenue recognition methodologies and practices
Support with complex analyses and accounting position papers related to sales transactions
Responsible for documenting, monitoring and implementing new and existing processes as well as preparing detailed desk procedures for all role related tasks
Facilitate process improvements by providing guidance and change management for stakeholders
Collaborate with Controlling and Business to ensure effective and efficient processes are in place
Work closely with IT department to ensure projects and system-driven processes are aligned with accounting objectives
Responsible for supporting with audit inquiries from all external auditors, including effectively presenting relevant process walkthroughs
Maintain and propose performance metrics and KPIs to drive informed decisions regarding resources and areas of focus
Fulfill ad-hoc reporting requests to aid business decisions, and support Tax and other groups
Assist with ad-hoc projects and preparation of financial presentations
Requirements
Bachelor’s degree in Accounting/Finance or Business
CPA Accounting Designation (CA, CMA, CGA)
3-5 years Progressive accounting experience, including financial analysis, financial reporting, project representation, financial statement preparation and account reconciliation
Experience and exposure to IFRS guidelines
Previous accounting experience with an audit firm is preferred
Strong working knowledge of IFRS accounting principles, practices and their application
Excellent communication skills – Written, oral and presentation to document, articulate and convey functions and processes
Analytical skills – Ability to dissect complex accounting and financial processes and identify risks and process improvements
Strong self-initiative to operate independently
Must be a team player and willing to help out colleagues to achieve overall team goals
Strong problem-solving skills and motivation to improve processes
Strong computer literacy skills with Microsoft Office and advanced level Excel skill (pivots, v-lookups, and advanced formulas)
Benefits
Competitive salaries
Fringe benefits
Unique opportunities for personal and professional growth
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